Nexans Electra CLV marks a major construction milestone The hull of the Nexans Electra cable laying vessel (CLV) has been launched from the dock hall at Norway's Ulstein Verft, marking a major milestone in the vessel's journey towards completion. The
Gulf Copper in new agreement to support Ingalls with outfitted structural units Port Arthur, Texas-headquartered Gulf Copper & Manufacturing Corporation reports that it has reached an expanded agreement with HII's Ingalls Shipbuilding division to support the construction of Flight III Arleigh Burke-class destroyers for
Agility opens new logistics park in Jeddah Agility has officially opened the Agility Logistics Park - Jeddah, a 576,000 sqm development built to support the next phase of the Kingdom's economic expansion. The facility was inaugurated by H.E. Saleh bin Nasser Al-Jasser, Minister of Transport and Logistic Services. Designed to meet the needs of key sectors such as retail, consumer goods, technology, automotive, energy, and e-commerce, the p
Samskip launches direct Morocco-Europe service Samskip has launched a new direct shortsea service connecting Agadir and Casablanca with the UK and the Netherlands. The service marks a major step forward for Moroccan exporters and European importers. The new route moves fresh produce and industrial cargo faster and more sustainably, offering a strong alternative to long-haul road transport. Dedicated vessels, advanced reefer technology, and se
Oman leverages Red Sea disruption with green energy transition Port of Salalah rides 21% container surge to anchor dual strategy combining transshipment dominance with renewable fuel ambitions
Nador West Med poised to reshape Mediterranean container trade Morocco is cementing its position as the Western Mediterranean's dominant transshipment gateway with the imminent launch of Nador West Med, a greenfield port complex that will add up to 3 million TEUs of annual capacity and trigger a fundamental redistribution of container flows currently handled by European rivals
Yang Ming reports steady performance in Q3 2025 Yang Ming Marine Transport Corporation reported its financial results for the third quarter of 2025, following approval at the company's 407th Board Meeting held on 12 November. The carrier posted consolidated revenues of NT$ 42.09 billion (US$ 1.35 billion) and an after-tax profit of NT$ 6.05 billion (US$ 193.69 million), delivering earnings per share (EPS) of NT$ 1.73 for the quarter. For the f
IAG Cargo handles MASkargo at London Heathrow Hub IAG Cargo has begun managing MASkargo operations at its London Heathrow hub. All shipments now move through IAG Cargo's Premia facility, enhancing efficiency and global reach. MASkargo, the cargo division of Malaysia Aviation Group, operates scheduled and chartered air freight and integrated logistics via air, land, and sea. It currently flies twice daily between Kuala Lumpur and London. Adam Car
Noatum Maritime, Siemens Energy and Green Parrot partner Noatum Maritime, Siemens Energy, and Green Parrot Tech signed a partnership agreement to explore joint opportunities in the offshore renewable energy sector. The three companies will combine their strengths to support projects such as offshore substations and power grid networks. The partners aim to deliver integrated, end-to-end solutions by uniting expertise in electrical systems, engineering,
US container imports from Asia drop 8.4% in October U.S. container imports from 10 major Asian economies fell 8.4% year on year in October to 1.79 million TEUs, according to Descartes Datamyne, as the Japan International Freight Forwarders Association (JIFFA) reported. Imports slipped 0.1% from September. Despite the monthly decline, volumes for the first 10 months rose 0.7% to 17 million TEUs. China shipped 914,395 TEUs to the U.S. in October (+1
Cavotec signs cooperation agreement with ZPMC Cavotec signed a new cooperation agreement with Shanghai Zhenhua Heavy Industry (ZPMC). The partnership strengthens the companies' long-standing relationship and aligns their capabilities in port electrification and automation. Under the agreement, Cavotec will supply ZPMC with advanced electrification and automation solutions. The two companies will combine their strengths to accelerate sustaina
Bureau Veritas appoints new Executive Vice-President, Americas Bureau Veritas has appointed Santiago Arias Duval as Executive Vice-President for the Americas, effective November 17, 2025. He will report directly to CEO Hinda Gharbi and join the Group Executive Committee. The appointment supports the company's new operating model, launched on September 1, 2025, which strengthens regional leadership and scales global Product Lines. The new Americas region bri
DHL Group to invest around EUR 1 billion in India by 2030 DHL Group will invest around EUR 1 billion in India by 2030 across all its business units. The company is accelerating its Strategy 2030 and strengthening its position in life sciences and healthcare, e-commerce, new energy, and digitalization. The investment signals DHL's strong confidence in India's fast-growing market. DHL will expand major infrastructure nationwide, including: The first DHL H
Admiral Rabiee: "Suez Canal ready for mega container ships" The Suez Canal Authority (SCA) confirmed that the Canal is fully prepared to receive the world's largest container ships. Admiral Ossama Rabiee, Chairman and Managing Director of the SCA, made the announcement while inspecting traffic from aboard the mega container ship CMA CGM JULES VERNE. The vessel was sailing north from Singapore to Lebanon after safely crossing the Red Sea and Bab El-Mandab
Makhazen posts KD 147 million EBITDA in Q3 2025 Makhazen posted solid Q3 2025 results, driven by strong performance in its Kuwait-based operations. This quarter is the company's first full reporting period under its new name and after the deconsolidation of Agility Global. Kuwait Operations Stay Strong Makhazen delivered steady revenue and EBITDA from its core businesses. The company continued to execute its Kuwait-focused investment plan. It
Unifeeder and CMC Vellore launch 'CerviCare Thrice' initiative Unifeeder, a DP World company, has partnered with the Christian Medical College (CMC) and Hospital, Vellore, to launch CerviCare Thrice, a community health initiative aimed at improving prevention, screening, early detection, and treatment of cervical cancer among women in India. The programme is supported by consulting partner Amana. The initiative was inaugurated at CMC Vellore with the unveil
Hai An signs contract to build two 7,100-TEU container vessels Hai An has taken a major step in its fleet expansion strategy after signing a contract on 12 November 2025 to build two 7,100-TEU container vessels with China Shipbuilding Trading Co., Ltd. (CSTC) and Dalian Shipbuilding Industry Co., Ltd. (DSIC). The agreement is carried out through Hai An Green Shipping Lines Co., Ltd., a joint venture established in August 2025 by Hai An Transport and Stevedor
Black Sea shipping still under the pressure of war The drone strike on Russia's Novorossiysk oil terminal last Friday wasn't just another headline in Ukraine's expanding campaign against Russian energy infrastructure
COSCO emerges behind DSIC newcastlemax orders COSCO Shipping is pressing ahead with a major expansion of its newcastlemax fleet, emerging as the end operator behind a fresh quartet of 210,000 dwt bulk carrier newbuildings at Dalian Shipbuilding Industry Co (DSIC). DSIC revealed last week that it had booked orders for 30 vessels, including four newcastlemaxes, without naming the customer. Market and ...
Black Sea threat level red The Black Sea has entered one of its most volatile phases as Ukraine and Russia escalate long-range strikes on each other's critical energy and port infrastructure, leaving commercial shipping exposed to huge levels of risk. Over the weekend, Ukraine claimed fresh hits on Rosneft's Ryazan refinery - one of Russia's five largest, processing up to ...
TGS targets frontier potential in Pelotas basin with long-run survey Oslo-listed seismic data specialist TGS has been chosen to undertake the Pelotas Norte Phase I multi-client 3D survey in the Pelotas Basin, offshore southern Brazil. Phase I will encompass approximately 14,800 sq km across 21 exploration blocks, the majority of which lie in unheld acreage expected to be included in upcoming bid rounds. A Ramform ...
Developers abandon another US offshore wind project Saul Ewing law firm, representing the developers of the 2.4GW Leading Light Wind project, has told the New Jersey Board of Public Utilities (NJBPU) that its clients will not be going ahead with the project. The law firm stated that the developers, Invenergy and energyRE, have determined that they cannot move forward with the project ...
American private equity eyes Korean yard investment Taekwang Group has muscled into the bidding war for K Shipbuilding, joining forces with TPG, a US private equity firm formerly known as Texas Pacific Group. The consortium has submitted a letter of intent to acquire management control of the Jinhae-based yard, one of three confirmed bidders for the shipyard formerly called STX Offshore & ...
Odfjell Drilling scoops up Northern Ocean semisub for $480m Oslo-listed semisub player Odfjell Drilling has bought the harsh environment semi-submersible drilling rig Deepsea Bollsta from John Fredriksen-controlled Northern Ocean, a semisub spin-off of Northern Drilling, for a total consideration of $480m. The 2019-built rig, which is of the Moss Maritime CS60 design, has been managed by Odfjell Drilling since the first quarter of 2022 ...
Hijacked tanker found in Iran's familiar holding ground The Talara, a Marshall Islands-flagged product tanker, apprehended by the Iranian military on Friday has been tracked down. The vessel is moored in the Khuran Strait, north of Qeshm Island, a familiar location for vessels hijacked by the Iranian Revolutionary Guard Corps (IRGC), according to TankerTrackers.com. State media carried an IRGC statement saying "the tanker ...
Is the dry bulk market overestimating Simandou's impact? The extra volumes will result in a significant disruption in the matrix of global iron ore supply, writes Will Fray, director, Maritime Strategies International, but there remain reasons to be cautious. The numbers around the Simandou iron ore project in Guinea approach the hyperbolic. Rio Tinto, as a lead investor in one half of the ...
Oceanbulk orders feeder containerships in China Milena Pappas-led Oceanbulk Maritime eyes further growth in due course
OSM Thome chief executive Norbye retires Norwegian shipmanager OSM Thome chief executive Finn Amund Norbye announced his retirement after a 'long and successful career'. Norbye led...
The optimist's business case for an African green shipping revolution Lloyd's List editor-in-chief Richard Meade takes this week's podcast to South Africa and Namibia to understand Africa's role in shipping's...
Euroholdings hails earnings from elderly boxships as tanker pivot gets underway Next move in tanker sector is being evaluated, says management
London becomes latest P&I club to unveil rate hike Members face target increase next February
Containership charter market shows early signs of easing The potential charter market correction remains measured rather than abrupt, noted The Hamburg and Bremen Shipbrokers' Association
The Week in Charts: Red Sea traffic grows but no big return | Lessors turn geopolitical unrest into cash stream | Saudi Arabia sends first post-sanctions tanker to Syria Lloyd's List's weekly showing of the data and figures behind our news, analysis and markets coverage
Fremantle Highway report finds car carriers beset by inherent design flaws Seafarer death was preventable, according to unpublished Panama casualty investigation report
War in the Black Sea intensifies after Odesa and Novorossiysk strikes Oil exports from Novorossiysk were halted after an attack on Friday, November 14 by Ukrainian forces and only resumed on...
The week in newbuildings: Boxship, cruise and tanker orders valued at a combined $9.7bn confirmed A total of 48 merchant ships were ordered in the past week at Chinese, French, South Korean and Vietnamese shipyards
China P&I expands international reach via new Hong Kong entity The platform also serves as a key step in China P&I's overseas expansion efforts
Hong Kong plans dual registration in push to regain flag competitiveness Chinese special administrative region is turning to dual-flag registration and overseas outreach as it tries to reinvent its registry model...
Divergence on net zero could reshape global shipping routes Geopolitics, energy security, economy were key indicators of slowdown in sustainability says GCMD CEO
State marine war risk insurer won't bypass commercial insurers, Danske Rederier confirms Mechanism only there as crisis fallback, insists Clasen
Iran confirms seizure of oil tanker in Gulf of Oman Iran's Islamic Revolutionary Guards Corps said in a statement that its units 'tracked and seized the vessel following a judicial...
The Daily View: If the cap fits
APMT seeks to boost Bangladesh economy with new terminal When operational at the end of the decade, the terminal will be low-emission and feature electrified equipment, but hinterland connections...
Daily Briefing Green retreat is not all good news for gas | LNG most favoured decarbonisation path after Net-Zero Framework collapse |...
BNSF, CSX launch faster cross-country intermodal service The move represents the latest effort by the two railroads to jointly convince shippers to shift more truckload freight to rail by addressing intermodal's slower transits.
CEO Edwards leaving Port of Virginia at end of year Stephen Edwards' five-year tenure at Norfolk is marked by major capacity expansions at its two marine terminals, along with new vessel and rail services.
Widening China import-export imbalance soaking up container capacity The yawning imbalance between China's import and exports is another way functional ocean capacity, like with port congestion, is being sapped by forces beyond the control of ocean carriers.
APM Terminals to build Bangladesh's deepest container terminal at Chittagong Current plans call for the development of a 600-meter quay and a 49-acre backup ecosystem able to handle 800,000 TEUs annually.
Robust Asia, Europe trade drives up Hamburg's container volumes Europe's third-largest port offset a sharp drop in US trade with solid increases in imports from China, Malaysia and India, while seeing big gains in intra-Europe volumes.
White House rolls back tariffs on broad list of food and ag imports The move comes less than two weeks after Democrats were overwhelmingly successful on Election Day, winning a number of key state and local races where affordability and the rising cost of every day products were key issues.
Greek bank helps fund first deal in Euroholdings strategy pivot Nasdaq-listed shipowner signs deal with Piraeus Bank to partially finance MR tanker
Prediction markets bet US Supreme Court will rule against Trump tariffs Trading platforms put 23% chance that top court will uphold reciprocal tariffs
CMA renames top Commodore honour after late shipping entrepreneur Jim Lawrence Connecticut Maritime Association will make change for this year's annual event in March
Modern Diana ultramax stays on the shelf after lucrative sale deal falls flat Transaction fails for vessel co-owned by US-listed player and undisclosed Norwegian investors
OSM Thome Group promotes Tommy Olofsen as CEO Norbye retires Chief commercial officer steps up
Yangzijiang spin-off linked to eight new tankers and bulkers with Maersk and Alpha Omega Company to list on Tuesday with a host of new deals under its belt
Shipowner John Coustas feted by Hellenic-American Chamber in New York Leader of container ship leasing giant recognised with annual Person of the Year honour
Scrapping surge will hit income of mutuals, says NorthStandard Older tonnage brings in higher premiums for clubs because of the greater risks from losses
Lukoil's foreign assets linked to Carlyle as tanker shipments remain on hold US permits talks with sanctioned Russian oil group over potential purchase
Dark tanker fleet 'will have to grow', says top shipowner Increasing numbers of older vessels will be drawn into sanctioned trades, Aristidis Alafouzos believes
US personal injury claims causing headaches for mutual insurers Insurance industry highlights rising costs of US personal injury claims from passengers, crew and stevedores
Bunnemann newbuilding brace fixed to Hapag-Lloyd amid talk of fresh orders Container ship tonnage provider rumoured to have increased 7,100-teu orders in China to 10 ships
Turkish LPG carrier evacuated after Russian drone strike sparks blaze Fire at the port of Izmail was reported following an aerial assault
John Fredriksen's SFL gets 'buy' rating from Arctic citing 'attractive yield with upside' seen Risk-reward skewed to the upside as cash flow is robust, analyst says
Okeanis already fixing VLCCs in January for more than $100,000 per day CEO Aristidis Alafouzos says the only way is up for big tankers as charterers adjust to new reality
Bulker and gas carrier damaged in Russian drone strike Fire at the port of Izmail was reported following an aerial assault on Sunday night
'Credit gem' Contships is bondholders' friend, analysts say Feeder ship specialist is lowering debt and breakeven rates in feeder market
VLCC rates spike as Bahri Week 'didn't disappoint' tanker owners Brokers report a 'clandestine' tone to market during Saudi Arabian gathering, but firm sentiment holding
Seized tanker's crew safe as master makes contact from Iran Columbia Shipmanagement is prioritising release of seafarers
Vitol tanker carries out pioneering Pakistan refuelling of MSC vessel Marine Ista supplies country's biggest-ever very low-sulphur cargo
Cosco Shipping Bulk plots $1bn newcastlemax order at Dalian Shipbuilding Chinese owner has penned order for four firm vessels to be delivered in 2028
Hafnia tanker shipping first-ever Indian jet fuel cargo to US California refinery fire opens up new trade for LR1s
Stainless Tankers downgraded as Clarksons sees 'limited upside' for rates Analyst forecasts 'softer rate environment' for chemical tanker owner
Investor group fights rumoured management takeover at 'distorted' owner Zim Three new directors proposed at meeting next month after Idan Ofer exit
How global trade tensions are fuelling intra-Asian trade growth Increased middle class wealth and young consumers are adding to growth projections
Athens and Kyiv hail new corridor for seaborne LNG to war-torn Ukraine Greece to sell US LNG to Ukraine as Hungary vows to block the EU's Russian gas ban
'Europe is not king anymore': How 'stubborn' European Commission contributed to climate failure Malta transport minister urges Brussels to take stronger stance, and how US can be enticed back into carbon talks
John Fredriksen's SFL gets 'buy' rating from Arctic citing 'attractive yield with upside' seen Risk-reward skewed to the upside as cash flow is robust, analyst says
HD Hyundai Mipo nets double tanker order from Greek owner HD Hyundai yards have contracted a total of 19 tankers this year, of which three were three product carriers
Trump removes key agricultural products from reciprocal tariffs Moves follow trade pacts with coffee and banana-exporting nations in Latin America
VLCC rates spike as Bahri Week 'didn't disappoint' tanker owners Brokers report a 'clandestine' tone to market during Saudi Arabian gathering, but firm sentiment holding
'Fantastic journey': 2020 Bulkers stock rises after sale of final vessels Board will decide on cash allocation next year
Everllence admits adoption may be slow as it launches new ammonia engine Bringing in a Tom Cruise feeling - and why Everllence sprayed staff with toxic ammonia
Typhoon-hit vessel that drifted for a week in major shipping lane towed to safety Container ship suffered a power failure off the coast of Taiwan
Tanker loadings restart after Ukrainian attack on key Russian port Novorossiysk and CPC crude terminals back in business
Financial platform teams with new investors to buy Turkish fleet for new pool Start-up MPP Shipping and Germany's Grona Shipping build initial multipurpose operation to 14 ships, with more consolidation planned
US-South Korean consortium aims to buy booming K Shipbuilding Yard has nearly 30 tanker newbuildings on its orderbook
LNG carrier rates 'explode' as market confidence in hike grows Charterers are being told to take it and pay up or move aside
UK owner scraps tanker as recycling sector edges to the end of a dismal year Star Advance is the 15th product tanker sold for recycling in 2025
Chinese leasing faces prolonged USTR pressure as financiers warn of shifting capital flows Concerns remain over regulation, geopolitics and competition despite port fee tensions cooling
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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